About

Future Generations Health Care Foundation

Future Generations Health Care Foundation

Future Generations Health Care Foundation was charted in December 1992. It was structured to serve as the philanthropic resource for health care in Butler County. The Foundation financially assists in construction projects and equipment upgrades for Butler County Health Care Center. The Foundation also provides financial assistance for education in health care professions, the recruitment of health care personnel and community and preventive health education.

The most common ways to make a gift to Future Generations Health Care Foundation are current gifts, planned gifts and gifts that generate income for the donor.

Current Gifts

Cash Gift: The most common way to make an immediate gift is by writing a check. This type of cash gift provides immediate liquidity for charity and generates a charitable income tax deduction for the donor in the year of the gift.

Stocks & Bonds: Giving stocks or bonds may provide greater tax benefits. Securities owned for more than one year avoid capital gain tax if fair market value has increased since purchased. A charitable income tax deduction equal to the fair market value is received.

Grain Commodities: A gift of grain commodities, such as corn or soybeans, can also be used as a gifting opportunity. By signing over a certain cash amount or bushel amount to the charity, not only is a charitable gift created but also a substantial income tax deduction.

Real Estate: A gift of real estate that has been held for more than a year also has the advantage of providing current fair market value, as well as bypassing capital gains tax on the appreciation.

Planned Gifts

Life Insurance: The gift of a paid-up life insurance policy is advantageous. By designating a qualified charity as owner and beneficiary, a charitable income tax deduction is received that is equal to the cost basis in the policy (in most cases).

Bequest Through An Estate: A bequest through an estate will benefit the Foundation at some point in the future while ensuring legacy and charitable wishes. A charitable bequest is a bequest written in a will or trust that directs a gift to be made to Future Generations Health Care Foundation upon death. A charitable bequest can also help save on estate taxes by providing an estate with a charitable deduction for the value of the gift. With careful planning, paying income taxes on the assets received from an estate can be avoided.

A bequest may be made in several ways:

Gift of a percentage of an estate

Gift of a specific asset

Gift of the residue of an estate

Gift of a specific dollar amount

There are also certain types of property that pass outside of a will or trust. These assets require a beneficiary to be made. A couple of examples of these are an IRA account and an insurance policy. By designating Future Generations Health Care Foundation as the beneficiary of part or all of an IRA, the full value of the gift is transferred tax-free upon death and the estate receives a charitable deduction. By designating Future Generations Health Care Foundation as the beneficiary of an insurance policy, an estate avoids paying tax on the value of the policy and receives a charitable deduction for the gift.

Gifts That Generate Income for the Donor

Gift Annuity: The Gift Annuity is a great example of how a gift generates income for the donor. This is actually a contract between a donor and a charity that is part gift and part annuity. In addition to the annuity payment, the donor receives a charitable income tax deduction and a portion of each annuity payment may be tax-free.

For example, Mrs. Smith, age 80, has a $10,000 CD coming due next month. By setting up a $10,000 gift annuity, Mrs. Smith will receive an annual income of $720 (8%). $594.72 of that annual income will be tax free and Mrs. Smith will receive an income tax charitable deduction of $4,649. Taking into account Mrs. Smith’s charitable deduction tax savings and the tax-free portion of the income, her effective rate would be 10.4%.

Deferred Payment Gift Annuity: The Deferred Payment Gift Annuity, in which annuity payments are delayed for a number of years, offers rates that make it an attractive supplement to retirement income. For example, Mr. and Mrs. Smith, both 50 years of age, invested $20,000 in stock several years ago that is now worth $100,000. They are receiving dividends of about 2% or $2,000 each year. If the Smith’s transferred the stock to Future Generations Health Care Foundation and the Foundation sold the stock, a deferred gift annuity would be created and a portion of the capital gain tax would be bypassed. Once either of the couple reached the age of 65, annuity payments of $6,460 each year would be paid to them until the last of the annuitant was deceased. Mr. and Mrs. Smith would have a potential income tax savings of $5,084.

For more information on how to direct a financial gift to Future Generations Health Care Foundation, please contact Ed Meysenburg, Foundation Director at 402-367-1370 or edm@bchccnet.org

The services of a true visionary of rural medicine were no longer available to the residents of David City and the surrounding area with the passing of Dr. Larry Rudolph on November 23, 2013. The doctor who recruited and wooed Dr. Gerald Luckey and Dr. Vic Thoendel to come to David City to be a part of his clinic in 1974 was now a part of the historical legacy of great doctors who have served the residents of this area.

Fast forward to the present time. Both Dr. Luckey and Dr. Thoendel are now at a crossroads in their medical professions where thinking of their positions in the next few years puts a question before them: Who will be the medical professionals who will fill our shoes in taking care of the medical needs of the residents of Butler County and the surrounding areas in the very near future?

Both the Butler County Clinic and the Witter Family Clinic are feeling the need to recruit physicians to their clinics.

Dr. Luckey and Dr. Thoendel made significant contributions to the foundation in December of 2013 in memory of Dr. Rudolph. Their intention was to designate these funds towards the recruiting of at least three future doctors to Butler County. To be competitive in the doctor recruitment market, an anticipated minimum of $150,000.00 towards student loan repayment would be needed for each recruit, totaling $450,000.00 for the three recruits.

Thus the inception of the Dr. Larry Rudolph Medical Recruitment Fund. With the blessing of Jan Rudolph, Dr. Rudolph’s wife, the fund was officially established at the foundation’s Dinner and Auction fundraising event on March 1st, 2014, with 2/3 of the proceeds going to the fund and 1/3 going towards the purchase of a newer ambulance for the hospital. From this event and with the two doctor’s donations, $28,100.00 was now available for recruitment purposes.

With these funds and other funds that the foundation had available to it from allowable investment income from their Endowment Account, and proceeds from undesignated donations, $139,425.00 was now available in the recruitment fund. Around $87,000.00 of anticipated investment income from the Endowment Fund has been designated to the fund. $59,500.00 from projected donations and pledges from the hospital and foundation board members, hospital staff as well as staff from the two clinics will also go towards the fund. This leaves a total of $164,000.00 that we will be looking to raise through donations and pledges from businesses and individuals from Butler County and the surrounding areas.

The Future Generations Health Care Foundation officially kicked off the Dr. Larry Rudoloph Medical Recruitment Fund campaign in seeking additional monetary suppport from businesses and individuals on Thursday, October 9th with a feature article and an ask for help in our local paper, The Banner-Press.

You can be a part of the effort to recruit and retain physicians in our community. Contribution forms for individuals, businesses, farming operations and BCHCC employees are linked below. The forms can be printed, completed and returned to:

The Future Generations Health Care Foundation has developed a Health Care Education Assistance Program to help persons interested in pursuing a Health Care Career in the Butler County area. If you would like more information, contact Ed Meysenburg at (402) 367-1370 or stop in and see him at the Butler County Health Care Center 372 S. 9th Street David City, NE 68632

Butler County Health Care Center is focused on continuous quality improvement and patient safety. We are committed to ensuring our patents are treated according to the best practice guidelines while receiving care tailored to your needs. We accomplish this through patient and family engagement and new safety and health maintenance programs.

Butler County Health Care Center recently received a Certificate of Achievement for participating in the HRET/Nebraska Hospital Engagement Network (HEN). The hospital achieved extraordinary outcomes in reducing patient harm and providing patient-centered, high quality health care.